Television

Q3-2016: Tips YoY Audio Products sales up 62%

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BENGALURU: Tips Industries Limited (Tips) reported a 62.4 per cent growth in its Audio Products Sales to Rs 9.71 core (68.3 per cent of Total Income from Operations or TIO) in the quarter ended 31 December, 2015 (Q3-2016, current quarter) as compared to the Rs 5.98 crore (100 per cent of TIO) in Q3-2015. QoQ, Audio Product Sales grew 7.8 per cent from Rs 9.01 crore (75 per cent of TIO).

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

Tips reported standalone TIO of Rs 14.21 in the current quarter, 2.4 times the TIO of Rs 5.98 crore in the corresponding prior year quarter and 18.4 per cent higher QoQ as compared to Rs 12.01 crore.

The company reported profit after tax (PAT) of Rs 1.85 crore (13 per cent margin) in Q3-2016 as compared a loss of Rs 3.08 crore in Q3-2015 and 16.5 per cent higher than the profit of Rs 1.59 crore (13.2 per cent margin) in Q2-2016.

Segment numbers

The company’s Audio Production Sales/Income segment reported 82.4 per cent YoY higher operating profit of Rs 8.34 crore as compared to an operating profit of Rs 4.57 crore in Q3-2015 and an operating profit of Rs 7.91 crore in Q2-2016.

Tips Film Production/Distribution (Production) segment reported revenue of Rs 4.5 crore (31.7 per cent of TIO) as compared to NIL in Q3-2015 and Rs 3 crore (25 per cent of TIO) in Q2-2013.

Tips Production segment reported operating loss of Rs 0.33 crore in the current quarter as compared to a loss of Rs 3.45 crore in Q3-2015 and a loss of Rs 0.88 crore in the immediate trailing quarter.

Let us look at the other numbers reported by Tips

The company’s simple EBIDTA calculated without considering other income in the current quarter Rs 5.36 crore (37.7 per cent margin) as compared to negative EBIDTA Of Rs 0.83 crore and positive EBIDTA of Rs 4.86 crore (40.5 per cent margin) in Q2-2016.

The company’s Total Expenses in the current quarter increased 27.5 per cent YoY to Rs 9.23 crore (64.9 per cent of TIO) as compared to Rs 7.23 crore (121 per cent of TIO) and was 21.9 per cent higher QoQ as compared to Rs 7.57 crore (63 per cent of TIO) in Q2-2016.

Tips cost of production/distribution of films in Q3-2016 increased 46.6 per cent YoY to Rs 4.37 crore (30.8 per cent of TIO) from Rs 2.98 crore (49.9 per cent of TIO) and increased 32.2 per cent QoQ as compared to Rs 3.31 crore (27.6 per cent of TIO) in the immediate trailing quarter.

The company’s finance costs in Q3-2016 at Rs 3.01 crore (21.2 per cent of TIO) was flat YoY at 3.01 crore (50.4 per cent of TIO), but declined nine per cent QoQ as compared to Rs 3.31 crore (27.6 per cent of TIO).

Employee Benefit Expense in the current quarter at Rs 1.53 crore (10.7 per cent of TIO) increased 2.5 per cent YoY as compared to Rs 1.49 crore (24.9 per cent of TIO) and was 8.5 per cent higher QoQ as compared to Rs 1.41 crore (11.7 per cent of TIO) in the immediate trailing quarter.

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